Carvana shares plunge as rising reconditioning costs hit quarterly profits
Carvana shares fell Thursday after rising repair costs led to a fourth-quarter profit miss. Several brokerages cut price targets following the results.
Insights:
Carvana Co. reported a fourth-quarter profit that missed Wall Street expectations on February 19, 2026, as the company grappled with higher-than-anticipated operational expenses. The United States 
US based online auto retailer attributed the shortfall to increased costs for vehicle inspection, repair, and detailing—collectively known as reconditioning—alongside higher retail depreciation. These factors have directly pressured the company’s market value and investor confidence immediately following the report.
US based online auto retailer attributed the shortfall to increased costs for vehicle inspection, repair, and detailing—collectively known as reconditioning—alongside higher retail depreciation. These factors have directly pressured the company’s market value and investor confidence immediately following the report.
